Outbreak Trader 1. 0
This software component for MetaTrader 5 is built to enhance the capabilities of your trading environment. This Expert Advisor serves as automated trading software. It is utilized to monitor financial markets and execute trades based on predefined algorithmic rules, enabling precise position management without the need for constant manual oversight.
How to Setup and Use Outbreak Trader 1. 0
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
Description & Settings
Breakout Trader 1.0
trades breakouts from the range and places the orders according to the set trading time.
Settings:
Set start date!!!
Magic number
Starting capital
Volume input
Risk per order in %
Allow reverse?
Use Austoper on the day or not
Number of negative orders per day
1+2+3 Profit day formula. Stop loss per day.
Stop below signal candle?
Stop by daily range?
Stop after points?
Stoploss, trailing and trailing step
Allow trailing?
If daily range higher than in (%) increase stop?
Takeprofit
Equity call. Deposit protection with remaining amount %?
If in profit equity call ((100 - 75)/2) increase by?
The target in %?
Spread to DayHigh and DayLow
Trade if daily range higher than (%)?
No trade if daily range higher than (%)?
Allow partial sell?
Partial sell times risk
Minlot times?
Monthly trade settings
From January to December (true/false)
Trading days settings
Monday to Friday (true/false)
Trading start and end (00:00)
Switch trading time off or on true= on false= off
Trading start period 00:00:00
Trading end period 00:00:00
Order is closed
Close order after time?
If order is negative, close after (minutes)?
Day in minus! End trade.
Day in minus of starting capital in %?
Day in plus! Close trade.
The day in profit from starting capital in %?
The week in plus! Pause until next week.
The week in profit of starting capital in %?
Week in minus! Pause until next week.
Week Velrust of starting capital in %?
Panel settings!
Panel on/off
Text and design settings
Please try the EA only in the tester or demo account!
Have fun trying it out.
